No Respite In Sight For Weak Oil Prices Even With Heightened Geopolitical Tensions
Nov 18, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Oil prices edged up on Monday on escalating tensions between Russia and Ukraine. Gloomy demand outlooks for growth in oil consumption may keep oil prices subdued in the near term. Experts also fear a significant oversupply in the oil market in 2025 as non-OPEC production expected to surge. Oil prices were slightly […]
EUR/JPY Attracts Some Buyers To Near 163.00 Amid BoJ Rate Hike Uncertainty
Nov 18, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash EUR/JPY gains momentum to near 163.00 in Monday’s early Asian session, up 33% on the day. The lack of clear guidance on the next BoJ rate hike timing weighs on the JPY. ECB’s Cipollone said the central bank should cut rates further to support recovery. The EUR/JPY cross attracts some buyers to around […]
FX Daily: Looking For Alternatives To The Long-Dollar Trade
Nov 18, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash We are entering a period of calm in US macro news. This means that it’s mostly up to any positioning readjustment to keep the dollar from rallying further. Growing focus will be on the eurozone and PMIs, where any soft read can be the ultimate trigger for a break below 1.05. Elsewhere, UK CPI […]
As Financial Conditions Tighten, Global Stock Outflows Typically Heighten
Nov 18, 2024
Jeremy Parkinson
Finance, No picture
MARKETSThe post-election euphoria that lifted equity markets came crashing down last week as the weight of reality set in. A trifecta of Jay Powell’s cautious remarks, persistently sticky inflation data, and the stark realization of the costs and trade-offs baked into the incoming administration’s policy agenda dampened investor sentiment. While equities stumbled under this growing […]
Economic Data Forecasts For The Weeks Of Nov. 18 And 25
Nov 18, 2024
Jeremy Parkinson
Finance, No picture
Here are my forecasts for upcoming economic data. Forecast Prior Observation Week of November 18 November 18 NAHB Index 45 43 November 19 Housing Starts – October 1.340M 1.354 Building Permits […]
Good As Gold
Nov 18, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash I just did an interview featuring an engaging conversation between myself and Dr. Judy Shelton, author of Good as Gold, as they discuss the principles and challenges surrounding sound money, monetary policy, and economic systems. Dr. Shelton highlights the moral foundation of sound money, emphasizing the ethical necessity of honest measures in trade, […]
Spot Bitcoin ETFs now control over 5% of BTC’s total supply, says CryptoQuant analyst
Nov 17, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Spot Bitcoin ETFs now holds 5.3% of the total mined Bitcoin supply. BlackRock’s iShares Bitcoin Trust exceeded $40 billion in assets with huge net inflows. Share this article Spot Bitcoin ETFs have accumulated 5.3% of all existing Bitcoin, according to CryptoQuant analyst MAC_D.According to the analyst, holdings in physical Bitcoin ETFs increased from […]
$12 Trillion Mortgage Market Opportunity With Asset Rich, Cash Poor Boomers
Nov 17, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash According to Meredith Whitney on today’s Financial Sense NewsHour podcast, banks are still grappling with PTSD over the 2008 mortgage crisis, but may have a significant role to play in helping asset-rich, cash-strapped Boomers…Running Length: 00:24:58More By This Author:Post-Election Geopolitics: Preparing For Mideast War, Potential Oil Shock The Great Escape: Fleeing The Fiat […]
The Stock Market Looks Temporarily Exhausted
Nov 17, 2024
Jeremy Parkinson
Finance, No picture
“Knowledge born from actual experience is the answer to why one profits; lack of it is the reason one loses.” Gerald M Loeb Market Commentary: The rally looks temporarily exhausted. Look for pullback opportunities. The Advance/decline trend on the NYSE weakened; the Nasdaq line broke down to a low and is outright scary. This week’s […]
What “America First” Would Mean For Globalization
Nov 17, 2024
Jeremy Parkinson
Finance, No picture
As the saying goes, “When America sneezes, the world catches a cold.”In other words, everyone feels the effects of an economic slowdown in the U.S. This only makes sense when we’re the world’s largest economy and also the largest consumer market.Last year, the United States imported about $3.1 trillion worth of goods, including cars, pharmaceutical […]